GN Store Nord A/S has today announced its agreement to divest its Hearing business to Amplifon S.p.A., a leading global hearing care retailer.
Amplifon and GN will together create a global integrated leader in audiology, combining hearing technology leadership with high-quality, innovative hearing care to offer comprehensive solutions to both audiology professionals and patients.
The purchase price is DKK 17.0 billion on a cash-free and debt-free basis, comprised of DKK 12.6 billion in cash and 56 million shares in Amplifon, allowing GN to retain upside to the strong strategic value proposition of the transaction.
The transaction is expected to close by the end of 2026, subject to customary closing conditions, including merger control and other regulatory approvals from relevant authorities and completion of the Hearing business separation from GN.
Gorrissen Federspiel advised GN Store Nord A/S on the transaction with a core team comprising Kristina Klem, Danielle Alaimo (née Boland-Brown), Oliver Nørgård Jensen, Philip Lehmann Christiansen, Emil Landmose, Johanne Vestergaard Oggesen, Rasmus Høj Christensen, Cecilie Sivertsen, Amalie Ussing, Christian Aaby Köhler, Martin Wulff and Søren Høgh Thomsen, Erik Molin, Jesper Avnborg Lentz and Tina Herbing and lead by partners Mikael Philip Schmidt, Louise Celia Korpela and Anders Ørjan Jensen.